Republic of Korea - Ready-Mixed Concrete - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Ready-Mixed Concrete and Factory Made Mortar in South Korea - 2022
Contents:
- Price for Ready-Mixed Concrete and Factory Made Mortar in South Korea (FOB) - 2022
- Price for Ready-Mixed Concrete and Factory Made Mortar in South Korea (CIF) - 2022
- Exports of Ready-Mixed Concrete and Factory Made Mortar in South Korea
- Imports of Ready-Mixed Concrete and Factory Made Mortar in South Korea
Price for Ready-Mixed Concrete and Factory Made Mortar in South Korea (FOB) - 2022
In 2022, the average export price for ready-mixed concrete and factory made mortars amounted to $186 per ton, with a decrease of -12.5% against the previous year. In general, the export price saw a slight decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 270%. As a result, the export price attained the peak level of $644 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($375 per ton), while the average price for exports to Russia ($182 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.1%), while the prices for the other major destinations experienced a decline.
Price for Ready-Mixed Concrete and Factory Made Mortar in South Korea (CIF) - 2022
In December 2022, the average import price for ready-mixed concrete and factory made mortars amounted to $2,228 per ton, jumping by 108% against the previous month. Overall, the import price recorded a slight expansion. The pace of growth was the most pronounced in February 2022 an increase of 258% against the previous month. As a result, import price attained the peak level of $2,601 per ton. From March 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Germany ($9,809 per ton), while the price for Denmark ($1,875 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Spain (+46.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ready-Mixed Concrete and Factory Made Mortar in South Korea
In 2022, approx. 64K tons of ready-mixed concrete and factory made mortars were exported from South Korea; increasing by 33% compared with the previous year's figure. In general, exports saw a strong increase. The growth pace was the most rapid in 2021 with an increase of 74% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, exports of ready-mixed concrete and factory made mortars soared to $12M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Ready-Mixed Concrete and Factory Made Mortar in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 7.0 | 4.9 | 9.1 | 11.1 | 16.6% |
| Hong Kong SAR | 0.3 | 0.6 | 0.3 | 0.6 | 26.0% |
| Others | 1.1 | 0.8 | 0.8 | 0.3 | -35.2% |
| Total | 8.4 | 6.4 | 10.3 | 12.0 | 12.6% |
Top Export Markets for Ready-Mixed Concrete and Factory Made Mortar from South Korea in 2022:
- Russia (61.1K tons)
- Hong Kong SAR (2.5K tons)
Imports of Ready-Mixed Concrete and Factory Made Mortar in South Korea
In 2022, imports of ready-mixed concrete and factory made mortars into South Korea totaled 1.8K tons, flattening at the previous year's figure. Overall, imports, however, recorded a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 19% against the previous year. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ready-mixed concrete and factory made mortars dropped to $2.6M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year.
| Import of Ready-Mixed Concrete and Factory Made Mortar in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 364 | 477 | 1,226 | 1,194 | 48.6% |
| Italy | 141 | 306 | 370 | 420 | 43.9% |
| China | 468 | 312 | 283 | 224 | -21.8% |
| Spain | 205 | 201 | 65.7 | 212 | 1.1% |
| Malaysia | 125 | 181 | 250 | 163 | 9.3% |
| Denmark | 124 | 134 | 267 | 155 | 7.7% |
| United States | 222 | 348 | 355 | 74.2 | -30.6% |
| Portugal | N/A | N/A | N/A | 52.3 | 0% |
| Turkey | 42.4 | 43.2 | 5.5 | 1.5 | -67.2% |
| France | 55.8 | 158 | N/A | N/A | 183.2% |
| Others | 259 | 333 | 92.1 | 78.4 | -32.9% |
| Total | 2,005 | 2,492 | 2,914 | 2,575 | 8.7% |
Top Suppliers of Ready-Mixed Concrete and Factory Made Mortar to South Korea in 2022:
- Italy (522.3 tons)
- Germany (323.3 tons)
- China (320.4 tons)
- Spain (244.0 tons)
- Malaysia (125.9 tons)
- Portugal (95.9 tons)
- Denmark (89.0 tons)
- United States (43.0 tons)
- Turkey (6.0 tons)
This report provides an in-depth analysis of the market for ready-mixed concrete and factory made mortar in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 23631000 - Ready-mixed concrete
- Prodcom 23641000 - Factory made mortars
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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